Amazon.com Inc’s Chinese affiliate Amazon China is hoping to enter the ocean freight industry. Amazon China registered with the U.S. Federal Maritime Commission to become a licensed ocean freight forwarder, which would give Amazon the ability to send packages by sea.

Wal-Mart will start closing 269 stores in the U.S. and other countries like Puerto Rico and Brazil by the end of January. The stores closing represent less than 1 percent of the retailer’s global revenue.